Odaily Planet Daily News Turkey is preparing to introduce new taxes, including a 0.03% transaction tax on cryptocurrency transactions. The move is aimed at addressing the national budget deficit caused by last year's earthquake and proposing changes to the way financial transactions are regulated. The tax reform proposed by the Turkish government is expected to generate 226 billion liras ($7 billion), equivalent to about 0.7% of the country's GDP. The Ministry of Finance, led by Mehmet Simsek, has drafted legislation that will be submitted to parliament for discussion at the end of June. This reform will be Turkey's largest tax reform in nearly two decades. (Cointelegraph)